Wednesday, December 09, 2009

Two Florida cities among America's most unequal cities

If you're feeling like the rich are getting richer and the poor are getting poorer, you may be on to something. Especially if you live in one of the two Florida cities to make the top 10 of America's most unequal cities.

Naples is home to many people who got rich somewhere else and then moved to Florida's Gulf Coast. The annual income of the bottom 20% there is $15,803, while the top 5% have an annual income of $599,269. The richest 20% in Naples earn nearly $100,000 a year more than the richest 20% nationwide.

In Miami, the annual income of the bottom 20% is only $10,793. The top 5% earn $367,402. In most cities on the list, the whole city is rich but the rich are especially rich or the whole city is poor but the poor are especially poor. But In Miami, the rich are unusually rich and the poor are poorer than average.

Read the Forbes report and see the full list here.

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